Skip to main content

About your Search

FBC 15
( more )
English 81
Search Results 0 to 49 of about 81 (some duplicates have been removed)
are smending too much. >> no, i would not advocate raising the debt ceiling. you can still make your paymentings. we bring twenty-two billion a month and our debt payment is 30 billion and you can pay social security and medicare and but not research on beef jerky and gold fish or $5000 for a menu to marrings . not raising the debt ceiling is essentially going to a balance budget. that is a good thing. >> have the house republicans let you down in this. they seem to be caving in a lot of areings. how does that sit with you. >> i am not sure what they would do for a debt ceiling. they punted it i am for making a stand on the debt ceiling and the country will come behind us. the sequest is a cut in the rate of the increase . the president said the sky was fall he shut down tours in the white house . the same week he agreed to send $250 million more to egypt. there is money and it is irresponsible for the president to lay off air traffic controller we need and sending money to countries we don't have. >> and what is the motivation. high profile things like the white house tours and nati
would advocate is not raising the debt ceiling. if you don't raise the debt ceiling, you can still make payments. we bring in $200 billion a month. our debt payment is $30 billion. you could pay our soldiers, social, medicare but not enough for research like roll up beef jerky or research on goldfish or $500,000 for a menu to mars. you would have to cut government but not raising the debt ceiling is going to a balanced budget. >> eric: have the house republicans let you down in this? they seem to be caving in on a lot of areas. how does it sit with you? >> i am not sure what they are going to do on the debt ceiling. i am for making a stand on the debt ceiling and always have. i think we could have the country come behind us. look at the sequester, increase in spending and the sky was falling they said. he shut down the tours at the white house same week he agreed to send $250 million more to egypt. so there is money but a matter of prioritizing. i think it's irresponsible to lay off air traffic controllers that we need while sending money to countries that we don't have. >> eric: what i
. host: when will the debt ceiling vote take place? if there is some kind of grand bargain that you approve of, tied to the debt ceiling vote, you would say yes to house and senate republicans, go and vote the debt ceiling? guest: we have never been raising the debt ceiling, we just think there should be irresponsible behavior in return. we should not have to raise it again in the near future because we have to implement the get us on stable footing. there is the ryan budget, a path to balance in 10 years. we thought that was good, we supported it. we did not like the details of how they got there, but having a balance within 10 years is a good thing. if, in exchange for raising the debt ceiling, we could be convinced that we are on a path to balance within 10 years get . in other words, a balanced budget within 10 years, that will take real entitlement reform, real tax reform. it is not smoke and mirrors, on future congresses to behave well and so forth, but if you convince us we are on the path to balance, we will support raising the debt ceiling. host: when might that happen? gue
. it is a horrible idea. it was only done because the republicans refused to raise the debt ceiling. it was a last ditch effort to put something on the table. one that would stop us from going over that fiscal live, not raising the debt ceiling, not paying our bills. it was put in place as a desperation measure. and now here it is, basically torturing our economy, undermining the ability of the government to function, and we are doing nothing to deal with the deficit and the debt that it is supposed to force action on. we want to act on taxes and mandatory spending programs. i am all for it. but torturing the discretionary portion of the budget as a threat to force us to act on taxes and mandatory spending, clearly it does not work. so let's stop torturing the economy. let's stop torturing the discretionary portion of the budget. turn off sequestration and continue the debate over the budget if -- the budget, which will have to have. >> let me ask you about guantÁnamo bay. you just returned from your most recent trip to gitmo. what did you learn and what is the long-term situation their? my staff
of f faa it looks ga. in summer the debt ceiling will have to be raised, some members, fiscally conservative, are wondering, when it is that going to stop? is there an end point, at some point there has to be a grand bargain, but what does it take for congress? we have not seen it despite the warning signals from greece and other countries. countries. lou: melissa i think of privacy advocates, about hey, we got google looking at and cameras, not a peep out of them now in the post boston worl world. i know where it is going. >> your guest said they are not being opportunistic they are. a grade opportunity for government to rack up more debt. they can find a reason to spend money. i don't know why the rest of the american public does not see it their money. neil: they see it is their airline, and their hineys waiting a long time. so they are afraid, that it boomrages on them. >> this idea of personal responsibility, you know that the blame game is just beginning, we see politicians, we have a sluggish economy. whether gdp or consumer reaction, and you know you can mark my word, we
in january. >> greta: raja, thank you very much. and the next debt ceiling showdown is looming but this time the fight could pit democrats against republicans and also perhaps against some fellow democrats. what is the stick point. chris van hollen is a ranking member of the house budget committee and joins us. nice to see you, sir. >> great to see you, greta. >> greta: the gop wants to link increase of the debt ceiling in relation to passage of overhaul. >> we are not clear what our republican colleagues want with respect to the debt ceiling. right now they have the so called debt prioritization bill coming to the floor of hughes that says the united states will pay some of its bills but not other bills which i think is a cockamamie adeand would hurt the credit rating. and then reports that say we will only say the united states will pay its bills if you do tax reform. we are happy to discuss tax reform get everybody wants tax eform. >> we want to simplify the tax code but that should be in the context of budget negotiations. tell me what the connection is between redoing deficits and debt
are doing some pre-war planning ahead of the next debt ceiling fight. john harwood is in washington with details. john? >> reporter: bill, this coming week, the house of representatives is going to vote when they return from their break on a republican bill to allow the treasury to prioritize payments in the event we hit the debt ceiling later this summer. what this bill would do would be to say, we're going to first pay bond holders and not default, in the legal sense, on those obligations, and then we'll prioritize after that, which bills we can pay. i spoke to a senior administration official this morning. they are adamantly opposed this bill. they say it would spook financial markets. that even if you meet your obligations to bond holders, that, in fact, if you defer any only obligations that the government has committed to, in a practical sense, that is default, that is going to frighten financial markets. that is going to affect future treasury auctions and so this is the beginning of the negotiation that's going to play out for some time. i talked to a staff member of the hou
idea. it was only done because the republicans refused to raise the debt ceiling. it was a last effort to but something on the table that would stop us from us going over that fiscal cliff. in place as a desperation measure. here it is, it torturing our economy. if we want to act on taxes and mandatory spending problem of -- programs, i am all for it. to force us has not worked. l's stop torturing the economy and the discretion portion of the budget, turn of sequestration and continue the debate over the budget which we're going to have to have. >> let me ask you about guantanamo bay. what did you learn that? what is the long term situation. close guantanamo. it is an unsustainable situation right now. we have had a prison riot, a .ood strikes it can only be a temporary facility given where it is located. 0 billionking at a $25 dollar bill just to keep a temporary. what do we get? it is an unbelievable cost in money to troops and civilians, to our international reputation which continues to be a major eyesore, we lose cooperation from other countries because they are concerned about it
, over the past two years, had policy uncertainty not risen strongly through the debt ceiling crisis as well as through the fiscal cliff concerns, that the u.s. economy would be over $260 billion higher in a gdp perspective. that's around $800 per person in the united states. i think the u.s. economy would have grown 3% per year over the past two years rather than 2%. if the level of policy uncertainty had not been so strong and so high. >> you talk about policy uncertainty, and we know that the federal reserve is meeting tomorrow, this week. to what extent is the federal reserve policy impacting this uncertainty? is all of the stimulus that they're putting into the economy helping or holding back growth? >> i think it is helping. it's tough to argue otherwise. when you look at the fact that the u.s. economy has expanded at an albeit modest pace, despite the elevated level of policy uncertainty. so i think the federal reserve should receive some credit for trying to estimate the economy. that said, i think importantly they are starting to point out that there are costs to their strat
about the stock market is a proxy on this thing. difficult period in the last three years was the debt ceiling debate. it was resolved but the fact of the matter is, the world saw us as not being able to fix something that should have been fixable. to dagen's point, if we don't have the ability to do 2% now, and ultimately it's going to have to be 10%, imagine what our debt rating will be? it wouldn't be pretty. >> i don't have as much faith in ben as the federal reserve. i i worry very much they could turn on a dime and interest rates could skyrocket and very quickly. >> neil: what happened with you and ben. is the love gone? >> not at all. not at all. >> neil: from april showers to may snow, the midwest is getting a whiteout, some are saying a snow job? >> i would like to see the effects of global warming. >> i got an inside tip it's all a bunch of cras. i had enough of feeling embarrassed about my skin. [ designer ] enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clear
and community leaders, as well. >>> a lot of recent headaches in washington. the debt ceiling, fiscal cliff, sequestration. who is to blame here? senate minority lead er harry reid says he knows the answer. >> good evening. can we really pin airport delays, furloughs and tax break branchsmanship on the tea party. it is a question with no right or wrong answer. for the group's procedural tactics absolutely. >> i'm willing to get this done. >> with all of these willing participants it seems hard to believe congress and the president haven't struck up a deal yet to fix our country. harry reid has a theory as to why. >> the last three years we have gone from crisis to crisis because the tea party driven republicans. >> reporter: can we really blame the tea party for all of the fiscal failures of the last three years? if you look at the fiscal crisis since 2011 the debt ceiling show down of 2011 that nearly caused the u.s. default, the fiscal cliff debates last december and now sequestration spawned from the same dilemma. >> whether the united states has a viable future is the book. these chapte
whether republicans are going to revolt over the debt ceiling. i think the president we've seen on his so-called charm offensive, i'm not sure there have been a lot of second dates on that. the president is going to try and goose his domestic policy agenda here and tell congress to start moving on it. a lot of questions on domestic policy, as well as foreign policy and of course the big questions about there about terror and the boston marathon. >> and economic issues. kristine romans is also standing by. the stock market is doing great now. there's still a long way to go. there is this debt ceiling deadline looming at the end of july when the nation's debt ceiling has to be raised. it will make the forced budget cuts seem like small potatoes. >> look at the dow jones industrial average. it is a joke after all. but you have an s&p very close to record highs. really the concerns about the debt fights with republicans in the backseat as a fed has been pumping money into a system as washington thrashes around trying to figure out the budget priorities. the housing market is recovering. a lot
, again. latest estimate are, the potential for crashing into national debt ceiling has been pushed back, you remember congressional agreement earlier in the year made it may 18, 19 or something like that. now looks like enough revenue has come in spending was lower because of the sequester and other things, nobody has a date, but we may be talking about a september showdown. >> right. >> we could kill -- >> but that is not an inconsiderable deferral. ven all that is occurring. >> it is very substantial. >> and looking out, very unpopular in washington dc right now to talk about unemployment but is remains absolutely the greatest issue in the mind of the most people responding to surveys. we have about 20 million people who are unemployed, in one fashion or the other. what relief is there inare in -- is there in sight? in prospect? >> i don't thinkhere is much, ben bernanke, and they are talkin about unemployment all of the time the are doing what they can. lou: you fed people stick together don't you. >> we try. lou: you make a terrific point here, it is a collision in one's mind if you
of representatives, including a lot of tea party republicans that would allow us to lift the debt ceiling which we technically hit on may 17, but people believe through management techniques, they ought to gets through september and october, nobody really knows now. i think they would like to avoid it, but they don't know how, so they have come up, at least for now, with that cockamamie idea that you are going to have to pay some of your bills but not all of your bills. they call that debt prioritizeation. >> if i could do that. if i will pay my mortgage but i don't have to pay my car. >> so they want the united states government to do that which would be disastrous and a terrible signal and hurt the economy. that is so far their response. we'll pay some of our bills. we'll pay the bond holders including china. won't pay our troops in the field. that is not a solution. >> there are only two ways to deal with this. one is long-term. we made $2.5 trillion in deficit reduction the next 10 years through actions already taken. the president is proposing $1.8. if that is not possible, we will have to ta
, we are approaching a debt ceiling and budget. its budget. if he can get some kind of agreement on a budget deal and get a tax reform as part of that deal, there will be added revenue and he can have spending so he can promote jobs fleismt the republicans will not allow any spending. >> what the democrats in the senate. >> they will pass his budget. republican obstructionism. >> dana: if you took anything away from the press conference, it was the republicans blocked everything i tried to do. instead of tried to persuade us as why should gitmo terrorists these coming to american. on obamacare, last week every quote that was negative about obamacare came from democrats, not republicans. yet the republicans continue to get all the blame. >> when president obama was a kid and didn't do his homework, do you think he blamed john boehner. >> dana: he probably blamed my dog. >> greg: he made a health care bill to treat you. >> dana: that is another thing they did today. this is the big announcement on obamacare. one of the complaints it was a 35-page application process. so they have a
to the debt ceiling a moment ago. i think august 2nd sometime this summer. are we going to another wrenching ordeal? >> i'm worried for this reason. i believe the speaker of the house, john boehner, would agree it would be a bad idea to do a replay of the summer of 2011 where the to the deadline and created uncertainty. he had a negative impact on the economy. the issue is how, how he can put together that those in the house of representatives, including tea party republicans that would allow us to method that feeling, which we had on may 17 or management take makes, the treasury department as a sign of september, october. i think they play to avoid it, but they don't know how, so they've come up for now because cockamamie idea that you're somehow going to pay some of your bills, but not all of your bills. they collect their prioritization. if i could pay my mortgage but i don't have to pay -- they want the united states government to do that, what should be disastrous in a terribles ticknor, hurt the economy. but that so far there responds people pay some of her bills, but not all of them.
was the debt ceiling debate. it was resolved, but the pack of the matter is the world saw us as not being able to fix something that should have been fixable. o again, to dagen's point, if we don't have the ability to do 2% now and ultimately it's going to have to be 10%, imagine what our debt rating would be, imagine where the world will be. it wouldn't be pretty, i don't think. >> i don't have as much faith in the federal reserve. i worry, very, very much that they could turn on a dime and interest rates could skyrocket and very quickly. >> hand to you and ben? is the love gone? >> not at all, not at all. >> smooches. >> smooches back. from april showers to may snow, the midwest getting a spring whiteout. while the administration is still at pushing us green agenda, some are saying, wait. a snow job? >> i would like to survive long enough to see the effects of global warming. >> i got an inside tip that it's all a bunch of crap other insurance companies are green with envy. oh, no, no, no...i'm sorry, but this is all wrong? i would never say that. writer: well what would you say? gecko: well
the debt ceiling, then i think that pitches forward scenario of blaming washington function on the republicans. it's going to be a long hot summer i i don't think he is a lame duck either. events can help out a president because he still has the opportunity for leadership if he wants to take it all right, when we come back, internet shoppers beware. you may soon be paying sales tax on those online purchases. supporters of the senate bill say it's necessary to level the playing field. is it a matter of fairness or tax grab into soak small business. . no! no. ...likes 50% more cash. but i don't give up easy... do you want 50% more cash? yes! yes?! ♪ [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. ♪ what's in your wallet? why? and we've hit the why phase... of mild to moderate alzheimer's disease is exelon patch. now with more treatment options, exelon patch may improve overall function and cognition. your loved one can get a free 30-day
more room to negotiate when we face the next debt ceiling. they will have to start talking about the budget. they will have to start talking about the next debt ceiling and some entitlement reform. there is some good news in today's job report. maybe there's some possibility that we'll see some progress this summer as the two sides start to tang goe again. >> christine, i want you to button it up before we go to a break. put this in perspective and tell us what this all means. what does it all mean? >> it means the economy is slowly healing from the worst financial crisis any of us will ever experience. it means companies are having to hire people. it's nowhere what we would like to see. my last piece of advice, i guess, is your jobless rate is either 100% or 0%. all of these numbers for a lot of people out there mean nothing unless you have a job. listen, for a long time we've been saying the jobless rate has been falling because people have been dropping out of the labor market. last month, people didn't drop out of the market. >> christine romans, alison kosik, jessica yellin,
publications who sat there and argued during the debt ceiling debate we should have $1 trillion point* to deposit in the treasury and wash our hands these are serious people and they call the two-party crazies' wife feel the whole world is spinning out of control and i am the only normal person with you and everybody has gone crazy. think about obama and the budget it is a huge massive fallacy masquerading as policy it is not what you think about economic growth is vernets he doesn't care about growth. i am sure you have read milton friedman which brings me to this serious prospect of all what does this say? to me it says we have lost the american people. it is a possibility conservatives don't like to deal with there is no real conservative party in europe and my parents immigrated from communist hungary and there is still no liberal presence there is what makes us think there has to be a strong conservative party republican here? i am not sure how many views on the autopsy report it was jammed packed with painfully obvious things we already know some of the things they found that th
a lot of tea party republicans that would allow us to lift the debt ceiling which we typically hit on may 17th, through management techniques, treasury department might get us as far as september or october, nobody knows. they would like to avoid it but don't know how. so they come up at least for now with this caucus mamie idea that you are selling to take your bills but not all of your bills. they called the debt prioritization. >> that would be -- if i wake up one morning and say i will pay my mortgage but not my car. >> they want the united states government to do that, which would be disastrous, a terrible signal undermining the credit rating and hurt the economy. that so far is their response. we will pay some of our bills but not all. we will pay the bondholders including china, but we won't pay our troops in the field or other contract -- that is not a solution. there are two ways to deal with this. one is to get a long-term -- we have made $2 trillion in deficit reduction in the next ten years. the president is proposing 1.8 -- that is not possible, then we have to take mo
the debt ceiling, maybe some tax reform, i think we could get a boost to the economy here. europe seems about the same, seems like a flat economy. our business is actually doing okay, growing faster than the economy in europe right now, but i think we see where we can put 25,000 people to work, veterans pretty easily in the system. >> reporter: the president talked about that in his new conference, debt limits in august. he wants a broader solution to the sequester on this faa fix that just happened over the week, he said they simply took from future improvement and averted delays now. do you agree or what do you think the congress should do? ivities i think it's a band-aid solution. simpson/bowles came out with a great idea. >> do you agree with the president that the elements are entitlement kuntz and form and some additional tax increases? >> it's a combination. we have to compromise. we have to have both sides give a little to make this thing happen. but if we do make that happen, i'm very optimistic about this economy. >> reporter: the president also talked at his news conference a
into negotiations with the president over the course of 2011 to head off the debt ceiling crisis. bob woodward -- >> the watergate bob woodward. >> yeah. >> watergate bob woodward has written -- >> now the post-watergate bob woodward. >> -- written a book about these negotiations and did a lot of talking to the republicans. and ended up saying boehner and obama reached a deal and obama walked away from it. well, eric cantor, in his interview with ryan lizza of "the new yorker" a couple of months ago basically corrected him. he said, well, i talked to boehner and said it really wouldn't be a good idea to reach a deal now because then the issue evaporates. the president gets the credit, and he has a better chance of being re-elected. better to keep it alive and fight it out in the -- in the election. >> and it didn't pay off for them, did -- >> it didn't pay off at all. >> except they held the house but it didn't pay off for them in the senate. he lost two seats in the senate. didn't pay off for him in winning the presidency? >> it was a -- call it a riverboat gamble, i suppose you could say. be
occupy possible in your account was the debt ceiling debate in the summer of 2011, one of the real high points in the city's history. i am being sarcastic there. it was disastrous. i remember it very well and everybody was terrified, what were these people going to do? the price of gold was vertical and since this was a city where the glorious contribution to human understanding took place i wonder if you could tell us what you mean by that? was that an enabling moment? >> it was a moment where pretty much everyone in america realized politicians didn't have any interest in arguing about anything that actually did affect their lives. that was essentially the line that we were putting out there for organizing occupy. politics can make themselves irrelevant. they hook up these make believe issues that they can argue about and has nothing to do with acting actual people's real problem. he only way to create a solution is to create a space where people can get together and start getting people to solve problems for themselves. the world does not lack anything. if there's anything that there
. the better deficit numbers for now could push ahead at least maybe a couple months the debt ceiling timetable. back to you. >> with the new tax revenue, with the new tax revenue that was expected. that is good news. thank you, steve, very much. >>> very quickly as how we're doing as we head toward the close here. the s&p was sitting at all time high territory up here. need to get to 1595 and change. right now doesn't look like we're going to do that. the nasdaq has been at a 12-year high today. so we're still nowhere near the all-time highs. but going back 12 years still an impressive rally for the nasdaq. and the dow you still have about 30, 40 points a day. at the high of the day up 132. off those highs right now. peter costas, this really doesn't give up. >> no. we've said this before. this is the really no one loves. i think people will start loving it when we breakthrough 15,000 again. you know, when you see that -- you see the momentum continues and doesn't abate. i think people will start to love it. >> i was half joking about that today with other traders saying this is -- we'll hit a
. if they drop it, however, if the public moves on, forgets about it, goes on to debt ceiling crisis, immigration reform, they're all going to be squishes together. >> to some degree, does ted cruz force lisa murkowski and kelly ayotte to go further right or does it give them space to go to the left? >> i think if you are looking for moderate support, and most of these people are in states where they actually need to have statewide support, right, and even in texas, even in texas, there are democrats that need to be a bit more, this may be herre is sy, that's how you build the coalition. not like a house race. if the pressure continues, then ted cruz will be out. >> i think when you see republicans double down on why it is good to support assault weapons, it is a testament to the fact they think it might be a controversial issue. the nra launched a new channel to appeal to women we know are probably swing voters on this issue. let's take a listen to some of the audio and video from that. >> they want everyone to be afraid of firearms, they're not focusing on a woman being able to protect herself.
Search Results 0 to 49 of about 81 (some duplicates have been removed)